Jerry Banfield

What is the difference between a "1099-Miscellaneous" and a "1099-K" form for taxes in the United States of America as overseen by the Internal Revenue Service or IRS? Specifically for this, what happens when our income gets double reported both on a "1099-Misc" and a "1099-K?" How do we handle that? Now, I'm no CPA. I've had my own business online for seven years. I do my own taxes and I research for myself. What I'm presenting here is based on my research from several different conflicting points of view from Certified Public Accountants based on what I see makes the most sense. This may or may not be the most appropriate for you, but I hope it's helpful because I've just spent a lot of time researching and learning these things myself. I hope I can just present that for you and make it a little easier. 1099-MISC & 1099-K Explained + Help with Double Reporting, PayPal, and Coinbase! First, what is the difference between a "1099-Miscellaneous" and a "1099-K"? A "1099-Miscellaneous," the form you see